A virtual data room is an essential component for the successful business of every modern entrepreneur. They help you negotiate and manage transactions several times better than physical data rooms because they are much safer and provide access whenever and wherever you need it. In this article, we will take a look at the best virtual server providers and give a brief overview of them.
Why do we need virtual data rooms?
Virtual data rooms are not just a server for sharing files and here’s why: if we take Google Drive as an example, it cannot cope with the creation and management of thousands of files, it is much easier to use VDR because the server has a structured system of folders. Such universal file sharing applications will make the process of transferring on a large scale much more difficult. Also, because of the large amount of information, the application will start to slow down, and also do not forget about malicious access to information, the confidentiality of which is not so reliable. VDR will be much more reliable in every sense.
Virtual data rooms are not only for file sharing but also for interaction between two companies. The service has many additional security features, and the price will vary depending on the provider, but in general, all prices are quite reasonable.
Below we will list the best virtual data room reviews and point out their main features.
iDeals secure data room provider
First on our list of the best isideals, it is suitable for both small and large businesses.
The company has great experience and an excellent reputation around the world, offering favorable and flexible conditions. There are three pricing plans to choose from, as well as a free 30-day trial. Ideals are customer-oriented and you can always count on them for all aspects of work.
Main Features:
- Has a drag-and-drop feature for uploading files
- No limits in terms of file sizes and formats
- It has an automatic index numbering and full-text search function which saves you a lot of time
Intralinks review
Intralinks is best suited for larger corporations and offers many M&A solutions, including the Virtual Data Room. The service has advanced file features and a user-friendly interface. As for pricing, Intralinx charges starting at $25 per month, depending on what features you want.
Features:
- Auto-indexing and watermarking
- The ability to drag and drop files
- Unlimited file uploads
- Detailed data room activity report
Merrill Datasite review
Merrill Datasite can function as a data center for investment banking, law firms, and more. Here you will be able to configure your settings and then use them to manage your files. It’s also a service that takes security very seriously.
Main features:
- Document permissions management features
- Decide for yourself which of your employees or customers can see and interact with certain documents
- Publish your files instantly or set up publishing later